Description
Book SynopsisThe Investment Classic from Jack D. Schwager, Market Wizards , is back with a brand new, never-before-seen Preface and Afterword from the author! "I've read the book at several stages of my career as it shows the staying power of good down-to-earth wisdoms of true practitioners with skin in the game.
Table of ContentsPreface to the Paperback Edition ix
Preface xv
Acknowledgments xvii
Prologue xix
My Own Story xxi
Part I Futures and Currencies 1
Taking the Mystery Out of Futures 3
The Interbank Currency Market Defined 7
Michael Marcus: Blighting Never Strikes Twice 9
Bruce Kovner: The World Trader 51
Richard Dennis: A Legend Retires 83
Paul Tudor Jones: The Art of Aggressive Trading 115
Gary Bielfeldt: Yes, They Do Trade T-Bonds in Peoria 139
Ed Seykota: Everybody Gets What They Want 151
Larry Hite: Respecting Risk 175
Part II Mostly Stocks 193
Michael Steinhardt: The Concept of Variant Perception 195
William O’Neil: The Art of Stock Selection 221
David Ryan: Stock Investment as a Treasure Hunt 239
Marty Schwartz: Champion Trader 257
Part III A Little Bit of Everything 281
James B. Rogers, Jr.: Buying Value and Selling Hysteria 283
Mark Weinstein: High-Percentage Trader 321
Part IV The View from the Floor 343
Brian Gelber: Broker Turned Trader 345
Tom Baldwin: The Fearless Pit Trader 367
Tony Saliba: “One-Lot” Triumphs 385
Part V The Psychology of Trading 405
Dr. Van K. Tharp: The Psychology of Trading 407
The Trade: A Personal Experience 429
Postscript: Dreams and Trading 435
Final Word 439
What I Believe 22 Years Later 441
Appendix 1: Program Trading and Portfolio Insurance 453
Appendix 2: Options—Understanding the Basics 455
Glossary 461
Excerpt: Edward Thorp 473
